# Weekly Commodity Update 220618 | Saxo

> A Saxo weekly commodity update says oil rallied on OPEC+ compromise while metals were pressured by the dollar and trade war concerns. The Bloomberg Commodity Index lost its year-to-date gains after four weeks of heavy selling.

- Date: 2018-06-22 · published 2018-06-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/64444-weekly-commodity-update-220618-saxo
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Trade protectionism and a stronger dollar threaten commodity demand, while the expected OPEC+ output increase caps crude upside, which matters for biofuel and input costs.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/weekly-commodity-update-220618-22062018

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.